Economics Ch 2-3 Vocab

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Across
  1. 1. density
  2. 3. of an economy, or part of an economy, from private ownership to government ownership
  3. 6. large amounts of capital in relation to labor.
  4. 9. per capita,gross domestic product on a per person basis; can be expressed in current or constant dollars.
  5. 10. of state-owned factories and other property to private ownership.
  6. 13. into an activity.
  7. 14. Leap Forward,China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
  8. 15. in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output
  9. 16. of people per square mile of land area
  10. 18. large amounts of capital in relation to labor.
  11. 19. in which goods and services are sold illegally
Down
  1. 2. restructuring of the Soviet economy; policy introduced by Gorbachev
  2. 4. Polish labor union founded in 1980 by Lech Walesa.
  3. 5. policy of avoiding international alliances and economic interactions
  4. 7. owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  5. 8. that could be used to purchase government-owned property during privatization.
  6. 9. planning authority in the former Soviet Union that devised and directed Five-Year Plans.
  7. 11. Union (EU)
  8. 12. Plan,comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry.
  9. 17. market